With interest rates rising, 2015 as a whole, saw slower new mortgage lending growth than 2014. However, quarter by quarter the growth held up reasonably well later last year, after starting 2015 on a significantly lower note. Still-strong growth in the area of Commercial Property Mortgage Loans granted appears to be a key reason for this, while residential new lending growth was slowing late in 2015.
Read more here: Mortgage Barometer_SARB_Q4_2015_New_Mortgage_Lending_23_Mar_2016
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